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Search Results 0 to 33 of about 34 (some duplicates have been removed)
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
while consumer prices slipped further in august raising fears the world's third biggest economy could yet fall into recession by year end. >>> what a big day. >> super friday. >> we have the french budget proposal, the results of the spain audit/stress test, we've got, what else -- it's the end of the quarter. britain is announcing it libor reforms. >> that's not what i was talking about. it's the ryder cup, folks. forget all that stuff. >> by the way, i had to google the ryder cup. >> far more important event. >> we'll talk about that later in the program. >> i don't know who insisted on that, but apparently we are going to cover it. >> before we get to that, the government of hollande is about to present it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane i
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
. the governor earlier today focused on the economy. >> do we really want four more years with 23 million americans struggling to find a good job? >> no! >> i mean, do we want four more years where half the kids coming out of college can't find work or college-level work? >> no! >> do we want four more years where every single year the take home pay goes down? >> no! >> do we want four more years of trillion dollar deficits? >> no! >> yeah, i don't believe we can afford four more years like the last four years. the people of ohio are going to say loud and clear on november 6th we can't afford four more years, we must do better. [cheers and applause] megyn: well, one of the political writers focused on the romney change today is chris stirewalt, fox news digital politics editor. chris, there is a shift in the romney approach. describe exactly what we're seeing. >> well, what you're seeing is a campaign that had previously been trying to have a campaign that was structured around the idea that barack obama was a nice guy, a good fellow, a good dad and an all-around swell american but that m
. that's what's happening now, coming to grips with their economy is going to be horrendous for a long time. >> thank you very much. i'm sure we'll check back with you later this morning. >>> we have to go? really? we do? all right. coming up, this football stuff. >> we'll get into some of this. >> today's national weather forecast. in sports, another team clinches a major league baseball playoff spot. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's ha
are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on growth. we need more in housing, all that free cash flow in the corporate sector to be put to more productive use, investing in capital and labor. there's a real need for it, carl, because the capital stock in the economy is basically depreciating. we're operating with old depleted capital. >> housing is a much smaller portion. the context of this is we need a much bigger engine for this economy this time around. >> we do. but partly most of the housing is so low because it came from a high level and then a collapse. if you look at the fed flow of funds data, you've had two record quarters of growth because of higher home prices. but we need more jobs. so housing is helping, the consumer is still holding in. we need more jobs. it's got to come from the business side. >> what gives you the confidence that europe has stabilized? of course, we look at this durable goods number, we know that's partially because of european weakness, but some would s
unlimited quantities of bonds from struggling eurozone economies, and his answer was interesting. "unfounded fears" was the term he used, five times no less, on financial markets about the eurozone, which had and that some eurozone members, he said, have been faced with borrowing costs that are simply unsustainable, as far as he sees it. he said the ecb had to act to return equilibrium to a successfully, says the markets have responded positively and realized that progress is being made in the eurozone. >> briefly, what about merkel's speech earlier? did she give the press and she has the answer to the eurozone debt crisis? >> the answer for angela merkel is more fiscal restraint. she did -- she feels europe's physical contact is the answer. it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spe
drafting spending cuts to date are around $50 billion. it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the last year the economy would shrink. another minister described it as a crisis budget designed to exit the crisis. this austerity budget aims to find savings of 40 billion joerres next year. each government department would how to make cuts of 90%. public-sector pay will be frozen for another year, and the retirement age is set to rise. >> just a few weeks ago, europe believed it had achieved a breakthrough. the european central bank said it would help come -- countries like spain by buying their bonds and reducing their borrowing costs. but there was a catch, s
and they can't do anything other than use the central government to force the economy to do x and y. and they're trying to get away from that. as they move away from it, that part of the economy clearly shows some struggles. >> short the aussie dollar, what, long the mexican peso? >> mexico is one of the big winners because they're deliberately raising wages. so low value added chinese manufacturing is nowhere near as competitive in the world as it once was. you see evidence of the u.s. getting some of it back. so mexico sort of had its breakfast, lunch and dinner the past 20 years by china appearing on the scene is probably in the early stages of regaining some of that a. so i think mexico is a big winner. southeast asia, philippines, for example. >> all right. jim, stick around. more to come from you. let's get over to asia and get a wrap of the day over there. >> thanks, ross. asian markets were mostly higher buoyed by improved data in u.s. and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks
the economy's getting better. i trustresident obama now to lehe ecy. i m who's up against huge unemployment numbers. you can rattle through all the economic data that should not be good for president obama. and yet in three or four states that matter, the tide is switching on those questions. >> don't you think florida is shocking? of those three, i tught florida nine points is the most ki >>nnepoll, florida four points in "the washington post" poll. i've said it for months, any repuican candidate that's losing the state of flori has serious problems. >> willie's right, the economic numbers are huge. the othething that relates is e geer g. inseesuiipia polls. the gender gap is gigantic. why did the romney campaign have as their surrogates bay buchanan and liz cheney and kelly ayotte? because they have a huge gender problem, and they're not addressingt with these daily attacks on the president's so-called es >> ry o"leno" last night. i didn't see the whole thing, but the clips i saw, i don't know. i know that's tough to say, but the relatability issue is constant. >> you know, and there's a
to change the mood. business confidence in the world's third biggest economy continues to take a hit. sentiment fell in the july to september quarter. this according to the central bank's survey. falling output and exports have taken a toll along with rising worries over strained relations with china. the one bright spot, the mood in the service sector which remains much higher. japan also has a new finance chief after noda reshuffled his cabinet. largely expected to stick to the reform plan. in all ten new faces were brought into the cabinet including the economics minister and he's been urging the bank of japan to take more action, as well, on the economy. ed rogers is ceo of rogers investment advisers and he joins us now. ed, was that one bright spot in the tank enough? >> good morning, ross. i think actually there were two bright spots. cap ex- is expected to rise at much higher rate than previously expected. those are good things. the fact that in the short term we have a bit of a down tick in enthusiasm and a lot of that could well be placed at the doorstep of the china and jap
the economy than the republican challenger. that's what we've got. that looks very good for the president. it's not over yet. connell: i doubt that he's up as much as it says in some of those states or that he will win in all of those states. >> i was going to say the numbers are pretty widespread and consistent. anything could happen in the next 40 days, but if i were the romney campaign, i would be very concerned about those numbers in ohio, pennsylvania, florida, michigan. they're very scary numbers for governor romney. connell: thank you senator. i was going to say he may not win ohio by 10 but the trend has been in his favor. thank you senator for joining us. >> thanks for having me. dagen: senator, thank you very much. unrest and protests happening over there, we can take a look at pictures coming out of greece today, more money flooding into our markets right here. joining us now is kevin flanagan chief fixed income strategist at morgan stanley wealth management. kevin of course i'm talking about u.s. treasuries, one of the safest assets you can find around the globe. do you think a ra
of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now remains him. he's not driving a consistent message. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you l
to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the constitutional court. that's where we stand in european trade. what about in asia today? lisa has the details once again out of singapore. >> thanks, ross. the shanghai composite is not far from that all important 2,000 point mark. investors would have been much better off investing in greece instead of china. year to date stocks gained over 10% increase, but down about 9% in china on growth concerns and political uncertainties. today the shanghai composite was dragged down by resource and steel makers. property corps is down 1.2%. the hang seng physicaled suit. industrial resources and consumer goods weighed it down. the japa
the economy. when we announced qe-3, those were exactly the conversation we were having on the point, but still the market rallied and later on down the line, you rationalize it as the initial event wasn't so powerful. now we're doing exactly the same in europe. every time we go through this process. >> let's take an attendance call. volumes are still considerably low. today is a holiday. last week we had a significant holiday in the u.s. attendance is just low. there's not the kind of participation. so if you get something like that that spooks a few participants who actually are in the market, it's going to have a more profound effect and you'll see a percent and a half pullback. >> where do you stand on the notion that there's going to be a chase for performance in the fourth quarter and therefore will want to be in this market, putting sort of a floor underneath? >> that's a legitimate concern for people who aren't fully invested, but up to where they should be in terms of risk on with their portfolios. i do see there's considerable amount of risk to have that continue to push ag
the world in a slowing global economy are going to open up. we'll see where it all plays out, whether all current cities are suddenly represented in oil and gold, suddenly gold and oil are so high that any gains that you get in your market averages are -- >> and yet crude oil back at -- >> 92, yeah. expressed in either euros or dollar, it's expensive. the ten year note which we know is just able to trade wherever it wants and not being influenced at all by the fed, just at a 1.63%. look at the dollar which has been around 1.28 versus the euro. 1.29 today. and then gold was at a session high, i think it was at a euro all-time high yesterday. down a little bit today. >> right now time for the global markets report. ross westgate is standing by. while you -- >> two days now? >> guess who we get onset with us. >> mr. poulter. that's fantastic. and is that the first interview he's done outside of the event? >> he may have just talked after the event, i guess, and i know he had a few guinnesss after the event. i saw a few pictures yesterday. but he had those same eyes. eyes scare me a little bi
. >> one market that they're particularly excited about is saudi arabia, the region's largest economy. we keep talking about the risks that come from swings in oil prices at least for the audi economy. and stability in the country. he says that's not really the biggest risk. at least not from a brush capital perspective. >> for the start, we have a business in the country, a large group of investors and they're focused in development. the issues are not about whether or not the economic opportunities are there. i think they are. i think saudi arabia and in terms of individual sectors, they'll perform extremely well. it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as
down by ten percentage points, president obama ahead on the economy, 6 in 10 voters, nearly 6 in 10, that is, said mitt romney's policies would favor the rich and mitt romney doesn't care about people like them. president obama's driving that message, going after mitt romney's predictions that he'll be tough on china saying that if you look at romney's record at bain capital, all that talk is fake. >> when you hear this newfound outrage, when you see these ads, these running problems seem to get tough on china, it seems a lot like that fox saying we need more secure chicken coops. i mean, it's just not credible. >> and larry, you can hear the confidence in president obama's voice because not only in ohio is he ahead, but in all of the major swing states president obama's got a lead right now. mitt romney's got to find a way to turn that around, turn it around in the debates, and maybe the tax cut issue that you're talking about will be one tool in that arsenal. back to you, larry. >> many thanks to john harwood. now for some reason on the trail today, mitt romney said he's going to
to be the worst month of the year historically. we know the global economy is weakening. everybody came on our air saying hey. short the global economy. this did not turn out to be such a good theory did it? right now, 2.9% for one of the best months of the year. not the best month but among the better months of the year. what were the two biggest gains we had this month? the two biggest days? september 6th? that was the day draghi announced the bond buying program. biggest gain. second biggest gain september 13th the day of the fomc meeting. what does this tell us? it tells us what matters in the world is central bank intervention and also what's going on in europe. what was the worst day this year? it was tuesday, the day we saw the riots in madrid because that's the day everybody said uh-oh. this whole deal with spain and this careful choreography moving toward help from the eu could fall apart. turns out maybe it's holding together a little better than anticipated. my point is what moves the world is central bank intervention and what's going on in europe. to play against that is very, very da
. >> they are the ones who own the businesses and they are the ones who are putting the money back in the economy and providing the jobs so i believe you know that would be a better plan for us. >> woodruff: 24-year-old athletic trainer sarah abrams also voted for mr. obama. but this time around, she says she's undecided. >> i'm not sure yet. i'm still like you know like watching and basically researching so i'll make my decision soon. >> woodruff: o.s.u. senior krystina hollowell says she identifies with the republican party, but has more liberal views on social issues than candidate mitt romney. do you know how you are going to vote yet? >> no, to be honest, i really don't. i'm more of i like lean towards republican but then socially i'm romney is like very against like abortions and like birth control and that type of stuff for like women and same with like gay marriages. i'm more towards like obama's plan. >> woodruff: in fact, peter levine, director of the center for information and research on civic learning and engagement at tufts university says one set of issues that could hurt romney wi
had expected. that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues that have hung over the american economy from spain? >> is madrid more important than chicago? >> at least it is today. we wanted to see what the needs would be for the spanish banks. the numbers that they put out today after this exhaustive examination. >> do you breath numbers? >> the market believes them now. they came about in line with expectations. the number could change depending on what happens with the spanish economy and if real estate prices fall even further. you think more of this like a tradeoff. if the capital requirements had been even bigger it would have meant they were going to c
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to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put out positive comments, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >>
Search Results 0 to 33 of about 34 (some duplicates have been removed)